The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

The Gabelli Healthcare & Wellness Trust (NYSE:GRX)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.43 and traded as low as $8.85. The Gabelli Healthcare & Wellness Trust shares last traded at $8.8790, with a volume of 17,396 shares changing hands.

The Gabelli Healthcare & Wellness Trust Price Performance

The company’s fifty day simple moving average is $9.09 and its 200 day simple moving average is $9.42.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Monday, June 15th will be given a dividend of $0.17 per share. The ex-dividend date is Monday, June 15th. This represents a $0.68 annualized dividend and a dividend yield of 7.5%.

Institutional Trading of The Gabelli Healthcare & Wellness Trust

Several large investors have recently bought and sold shares of GRX. Fifth Third Bancorp bought a new position in shares of The Gabelli Healthcare & Wellness Trust in the 1st quarter worth approximately $33,000. International Assets Investment Management LLC bought a new stake in shares of The Gabelli Healthcare & Wellness Trust during the fourth quarter valued at approximately $77,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in The Gabelli Healthcare & Wellness Trust in the first quarter worth $90,000. Closed End Fund Advisors Inc. purchased a new stake in The Gabelli Healthcare & Wellness Trust in the fourth quarter worth $113,000. Finally, Private Advisor Group LLC raised its holdings in The Gabelli Healthcare & Wellness Trust by 25.2% in the first quarter. Private Advisor Group LLC now owns 19,888 shares of the investment management company’s stock worth $180,000 after purchasing an additional 4,000 shares in the last quarter.

The Gabelli Healthcare & Wellness Trust Company Profile

The Gabelli Healthcare & Wellness Trust (NYSE: GRX) is a closed-end management investment company that seeks both capital appreciation and current income. The trust primarily invests in equity and equity-related securities of companies operating in the healthcare and wellness sectors. Trading on the New York Stock Exchange under the symbol GRX, the fund provides investors with exposure to growth opportunities in healthcare through its closed-end structure.

The trust’s portfolio is diversified across a broad range of healthcare sub-industries, including pharmaceuticals, biotechnology, medical devices, and healthcare services.